On July 30, the gross domestic product (GDP) figures for 31 provinces, autonomous regions, and cities of China were released, showcasing diverse economic growth rates across the nation. According to a report from the news portal ThePaper.com on July 31, the data was cited from local statistics bureaus.
The report revealed that 15 regions outperformed the country’s overall GDP growth of 5.5 percent in the first half of 2023. Additionally, 13 regions exceeded an even higher threshold of 6 percent growth during the same period.
China’s National Bureau of Statistics had previously reported that the country’s GDP experienced a year-on-year growth rate of 5.5 percent, amounting to 59.3 trillion yuan ($8.3 trillion) for the first half of the year.
Among the standout performers, Shanghai, Hainan province, and Tibet autonomous region recorded impressive GDP growth rates surpassing 8 percent, with Shanghai achieving the highest growth rate at 9.7 percent. Meanwhile, Jilin province and Inner Mongolia autonomous region registered growth rates higher than 7 percent. Sichuan province and Beijing’s GDP growth remained on par with the national average of 5.5 percent.
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Two key provinces, Guangdong and Jiangsu, successfully crossed the significant threshold of six trillion yuan in GDP, reaching 6.29 trillion and 6.05 trillion yuan, respectively, in the first half of the year. Furthermore, Shanghai, Hebei province, and Beijing also made significant strides, surpassing the two trillion yuan threshold, with GDP figures of 2.14 trillion, 2.08 trillion, and 2.06 trillion yuan, respectively. Guizhou province in Southwest China crossed the one trillion yuan threshold and reported a GDP of 1.02 trillion yuan in the first half.
In terms of individual income, Beijing and Shanghai topped the charts with the highest per capita disposable income in the first half, reaching 42,870 and 41,358 yuan, respectively. Zhejiang province, Jiangsu province, and Tianjin followed closely, ranking in the top 3 to 5 in per capita disposable income, with figures of 34,317, 27,795, and 26,655 yuan, respectively.
The data highlights the varying economic landscapes within different regions of China, with some areas experiencing robust growth and others performing at or below the national average. As the year progresses, policymakers and economists will closely monitor these trends to assess the overall economic health of the country and take necessary measures to address any disparities.